CD Early Withdrawal Survey: San Francisco

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data in San Francisco and other cities for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

San Francisco

Reduction in principal if accrued and unpaid interest is less than the penalty?

Grace period on automatically renewable CDs

Are early withdrawal penalties the same for retirement CDs?

3-month

Bank of America

$1,000

0.03%

90 days' interest on the amount withdrawn

Yes

7 days

Not offered

3-month

Beal Bank

$1,000

0.41%

Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term

Yes

10 days

Yes

3-month

Chase Bank

$1,000

0.01%

1% of amount withdrawn but not more than total interest earned during current term of CD

No

10 days

Yes

3-month

Citibank

$1,000

0.05%

90 days' interest on amount withdrawn

Yes

7 days

Yes

3-month

First Federal Savings & Loan of San Rafael

$1,000

0.1%

1 month of interest

Yes

7 days

Yes

3-month

First Republic Bank

$10,000

0.05%

6 months' interest

Yes

7 days

Yes

3-month

Gateway Bank

$1,000

0.05%

30 days' interest

Yes

7 days

Not offered

3-month

Luther Burbank Savings

$1,000

0.1%

90 days' interest

Yes

10 days

Yes

3-month

Sterling Bank & Trust

$500

0.2%

30 days' interest on amount withdrawn

Yes

7 days

Yes

3-month

Wells Fargo Bank

$2,500

0.01%

3 months' interest, minimum $25

Yes

7 days

Yes

6-month

Bank of America

$1,000

0.03%

90 days' interest on the amount withdrawn

Yes

7 days

Yes

6-month

Beal Bank

$1,000

0.51%

Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term

Yes

10 days

Yes

6-month

Chase Bank

$1,000

0.01%

1% of amount withdrawn but not more than total interest earned during current term of CD

No

10 days

Yes

6-month

Citibank

$500

0.07%

90 days' interest on amount withdrawn

Yes

7 days

Yes

6-month

First Federal Savings & Loan of San Rafael

$1,000

0.15%

3 months' interest

Yes

7 days

Yes

6-month

First Republic Bank

$10,000

0.35%

180 days' interest

Yes

7 days

Yes

6-month

Gateway Bank FSB

$1,000

0.05%

30 days' interest

Yes

7 days

Not offered

6-month

Luther Burbank Savings

$1,000

0.15%

90 days' interest

Yes

10 days

Yes

6-month

Sterling Bank and Trust

$500

0.4%

90 days' interest on amount withdrawn

Yes

7 days

Yes

6-month

Wells Fargo Bank

$2,500

0.01%

3 months' interest, minimum $25

Yes

7 days

Yes

1-year

Bank of America

$1,000

0.05%

180 days' interest on the amount withdrawn

Yes

7 days

Yes

1-year

Beal Bank

$1,000

0.66%

Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term

Yes

10 days

Yes

1-year

Chase Bank

$1,000

0.01%

1% of amount withdrawn but not more than total interest earned during current term of CD

No

10 days

Yes

1-year

Citibank

$500

0.15%

180 days' interest on amount withdrawn

Yes

7 days

Yes

1-year

First Federal Savings & Loan of San Rafael

$1,000

0.4%

6 months' interest

Yes

7 days

Yes

1-year

First Republic Bank

$10,000

0.5%

180 days' interest

Yes

7 days

Yes

1-year

Gateway Bank

$1,000

0.1%

90 days' interest

Yes

7 days

Yes

1-year

Luther Burbank Savings

$1,000

0.25%

180 days' interest

Yes

10 days

Yes

1-year

Sterling Bank & Trust

$500

0.65%

180 days' interest on amount withdrawn

Yes

7 days

Yes

1-year

Wells Fargo Bank

$2,500

0.05%

3 months' interest, minimum $25

Yes

7 days

Yes

2-year

Bank of America

$1,000

0.1%

180 days' interest on the amount withdrawn

Yes

7 days

Yes

2-year

Beal Bank

$1,000

0.71%

Greater of 1% of amount withdrawn or replacement cost of amount withdrawn

Yes

10 days

Yes

2-year

Chase Bank

$1,000

0.05%

2% of amount withdrawn but not more than total interest earned during current term of CD

No

10 days

Yes

2-year

Citibank

$500

0.25%

180 days' interest on the amount withdrawn

Yes

7 days

Yes

2-year

First Federal Savings & Loan of San Rafael

$1,000

0.75%

9 months' interest

Yes

7 days

Yes

2-year

First Republic Bank

$10,000

1.25%

15 months' interest

Yes

7 days

Yes

2-year

Gateway Bank

$1,000

0.1%

120 days' interest

Yes

7 days

Not offered

2-year

Luther Burbank Savings

$1,000

0.75%

12 months' interest

Yes

10 days

Yes

2-year

Sterling Bank & Trust

$500

0.9%

360 days' interest on the amount withdrawn

Yes

7 days

Yes

2-year

Wells Fargo Bank

$2,500

0.15%

6 months' interest, minimum $25

Yes

7 days

Yes

5-year

Bank of America

$1,000

0.15%

12 months' interest on the amount withdrawn

Yes

7 days

Yes

5-year

Beal Bank

$1,000

1.25%

Greater of 1% of the amount withdrawn or replacement cost of amount withdrawn

Yes

10 days

Yes

5-year

Chase Bank

$1,000

0.25%

2% of amount withdrawn but not more than total interest earned during current term of CD

No

10 days

Yes

5-year

Citibank

$500

0.5%

180 days' interest on the amount withdrawn

Yes

7 days

Yes

5-year

First Federal Savings & Loan of San Rafael

$1,000

1.65%

12 months' interest

Yes

7 days

Yes

5-year

First Republic Bank

$10,000

2%

15 months' interest

Yes

7 days

Yes

5-year

Gateway Bank

$1,000

0.1%

180 days' interest

Yes

7 days

Not offered

5-year

Luther Burbank Savings

$1,000

1.85%

12 months' interest

Yes

10 days

Yes

5-year

Sterling Bank and Trust

$500

1.85%

360 days' interest on the amount withdrawn

Yes

7 days

Yes

5-year

Wells Fargo Bank

$2,500

0.35%

12 months' interest, minimum $25

Yes

7 days

Yes

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.

Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on certain links posted on this website.